SBT Bancorp, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company announced total interest and dividend income was $3,488,000 compared to $3,082,000 for the same period a year ago. Net interest and dividend income was $3,189,000 compared to $2,888,000 for the same period a year ago.

Income before income taxes was $199,000 compared to $399,000 for the same period a year ago. Net income was $206,000 compared to $343,000 for the same period a year ago. Net income available to common stockholders was $206,000 compared to $317,000 for the same period a year ago.

Earnings per common share, basic and diluted were $0.15 compared to $0.36 for the same period a year ago. Net interest and dividend income increased due to growth in the bank's commercial and consumer loan portfolios. Return on average assets was 0.18% compared to 0.34% for the three months ended March 31, 2015.

Return on average equity for the three months ended March 31, 2016 was 2.70% compared to 4.55% for the three months ended March 31, 2015.